AGENDA

University of Houston System
Endowment Management Committee Meeting

DATE:    Tuesday, January 29, 2013

TIME:    1:30 p.m.

PLACE:     Hilton University of Houston Hotel
                  Waldorf Astoria Ballroom E, Second Floor
                  4800 Calhoun
                  Houston, Texas 77204

Chair:             Mica Mosbacher
Vice Chair:     Jarvis V. Hollingsworth
Members:       Jacob M. Monty
                         Nelda Luce Blair, Ex Officio
Advisory
    Members:     Carroll Robertson Ray
                           Jim P. Wise
 
ENDOWMENT MANAGEMENT COMMITTEE
**Complete Committee Package - 21 pages**

A.    Call to Order

B.    Approval of Committee Minutes

• August 14, 2012, Endowment Management Committee Meeting

Action:   Approval

C.   Approve the FY2013 University Advancement Endowment Assessment Rate of 1.5% - University of Houston System

Item:   EM-C1

Action:  Approval

D.   Report and Recommendations from Cambridge Associates Regarding Endowed and Non-Endowed Assets – University of Houston System

Item:   EM-D2

Action:  Information and/or Approval

E.   Approval is requested to delegate authority to the Chancellor to negotiate and execute contracts for the hiring of private equity investment managers for the University of Houston System Endowment Fund – University of Houston System

Item:   EM-E3

Action:  Approval

F.   Annual review and approval of the UH System Endowment Fund Statement of Investment Objectives and Policies – University of Houston System

Item:   EM-F4

Action:  Approval

Supporting Documentation:

• Redlined copy of UH System Endowment Fund Statement of Investment Objectives and Policies
• Clean copy of UH System Endowment Fund Statement of Investment Objectives and Policies

G.   Annual review and approval of the UH System Investment Policy for Non-Endowed Funds – University of Houston System

Item:   EM-G5

Action:  Approval

Supporting Documentation:

• Redlined copy of UH System Investment Policy for Non-Endowed Funds
• Clean copy of UH System Investment Policy for Non-Endowed Funds

H.   Approval is requested to change the pay-out policy for the University of Houston System Endowment Fund – University of Houston System

Item:   EM-H6

Action:  Approval

I.  Report on UH System’s Invested Funds and Bank Deposits – University of Houston System

Item:   EM-I7

Action:  Information

Supporting Documentation:

• Summary of the UH System Invested Funds and Bank Deposits as of August 31, 2012

J.   Report on External Audit Report - UH System Endowment Fund, Financial Statmeents and Independent Auditor's Report for FY2012 and FY2011

Item:   EMJ8

Action:  Information

Supporting Documentation:

• UHS Endowment Fund, Financial Statements and Independent Auditor's REport for FY2012 and FY2011

K.   Adjourn